COINTELEGRAPH · 2026-10-28 16:53 UTC

Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings

Bitcoin fell 0.3% on Wednesday, failing to break above its 50-day moving average at $81,831 as markets awaited the FOMC interest-rate decision. Markets priced in a 90.6% probability of the Fed holding rates steady in the 3.75-4% range, with focus on Fed chair Kevin Warsh's commentary and December rate-hike odds. Glassnode noted bid liquidity has shifted lower to $78K-79K with $42M in orders, suggesting that level as the next support if Bitcoin declines further.

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